What Is the Present Value of a $1,000 Payment at the End

question 97

Multiple Choice

What is the present value of a $1,000 payment at the end of each of the next 10 years discounted back to the present at 5%?

• A)$5,098
• B)$7,722
• C)$8,775
• D)$9,112

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Definitions:

Zigbee

A wireless standard managed by the Zigbee alliance used in low-power, low-distance devices such as sensors and devices found in smart homes, like lights, thermostats, security, cameras, door locks, garage doors, and digital assistants.

IoT Smart Home

Refers to the use of Internet of Things technology to connect household appliances and devices for automation and centralized control.

802.11

A set of IEEE standards that define wireless local area network (WLAN) communications for devices.

Wireless Standard

Protocols established by organizations for wireless communication that specify the guidelines for data transmission and ensure interoperability between devices.